Controversial Southbank self storage project back

[fsu813]

I heard from a councilperson that the Trio will be back in the next 60 days and should succeed this time.

Last Fall, a city rep mentioned it would back "soon" and that it appeared viable this time, as well.

My expectations are rising.

[Tacachale]

What do you guys think the difference is between the other historic renovations that have broken ground in the last two years in the CBD and the Laura Street Trio?

I believe the project's cost has dramatically risen over time. That's one of the major reasons.

I heard from a councilperson that the Trio will be back in the next 60 days and should succeed this time.

Last Fall, a city rep mentioned it would back "soon" and that it appeared viable this time, as well.

My expectations are rising.

I wouldn't get your hopes up any higher than they have been for the last 10 years on the Trio, unless the city is going to kick in an even higher percentage of the total costs than in the past.

[fsu813]

What do you guys think the difference is between the other historic renovations that have broken ground in the last two years in the CBD and the Laura Street Trio?

I believe the project's cost has dramatically risen over time. That's one of the major reasons.

I heard from a councilperson that the Trio will be back in the next 60 days and should succeed this time.

Last Fall, a city rep mentioned it would back "soon" and that it appeared viable this time, as well.

My expectations are rising.

I wouldn't get your hopes up any higher than they have been for the last 10 years on the Trio, unless the city is going to kick in an even higher percentage of the total costs than in the past.

By any means (reasonably) necessary

[jaxoNOLE]

If the financials couldn't be made to work under the deal approved 2 years ago, it's hard to imagine anything of the same scale penciling more favorably now. Borrowing costs aren't helping anything, and construction costs are still high.

If they wait long enough, one day the city's share will be the $87 million it would have cost to build the darn thing in 2022.

[thelakelander]

Pretty sure that whatever deal comes next will likely require the city to put in more money. Some value engineering to control costs a bit are likely as well.